TRR 266 Accounting for Transparency - Teilprojekt B05
Overview
Kosi and Sievers focus on the financial markets and investigate how corporate transparency affects decision-making by capital providers. A specific focus is the role of intangible assets and green bonds as well as the role of institutional investors in processing information. The project uses equity and debt market settings as well as settings with institutional and non-institutional investors. In addition, this work will extend the global collection of financial restatements to measure their impact on voluntary and mandatory disclosures, use textual measures of transparency in annual reports to improve accounting quality measures, and study spillovers from bond prospectuses to the equity market.
